6 Answers

Ng Teck Chuan
Hi buyer,

No you don't; however, if you belong to any countries which has FTA with Singapore, you'd be exempted from ABSD.

Do note the BSD of 3%, and SSD of up to 16% if you sell before 4 years.

Feel free to contact me, so that we can take this further.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602
Ivan Ng

The answer is No, there will not be any ABSD that you can get back. There are some condos with ABSD discounts available, would you be keen to have more info? Thanks.

Warm Regards,
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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(Client's Testimonials)
Geryl Lim
Dear buyer,

Onassis has made a good point. If ABSD is a big big concern, you can choose to go for commercial or industrial developments. Worse situation is to pay 7% GST which is a significant amount of savings. Furthermore, commercial properties can be sold anytime after purchase while Seller's Stamp Duty will be applicable should you sell within 4 years of purchasing a residential property or 3 years of purchasing an industrial property.

There are some pretty interesting projects out there you may consider if budget matches. Let me know more about your plans perhaps?

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YT Tan (陈永达)
Good evening buyer,

I am afraid to inform you that you wont be able to get a refund of 15% absd if you sell your condo and leave Singapore in future.

If your intention is to stay, probably you can consider to apply for SPR so your ABSD will be reduced to 5%.

If it's meant for investment, you can consider industrial or commercial properties instead.

Hope my sharing is beneficial to your property purchase in Singapore.

Probably you can share more with me so I will be in a better position to advise and assist you further.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
Nick Tan
Hi Sir/Mdm,

1. You will not be able to get back the ABSD paid. You will also need to sell after 4 years in order to avoid the Seller Stamp Duty (SSD).

2. In this case, you may want to consider investing in a commercial property instead. Some commercial properties are giving a decent rental yield with good potential for future capital appreciation. Do refer to the link for one such property:

Please feel free to contact me so that I can understand your needs and be able to assist you further.

Nick Tan
(M) +65 9644 4854
(E) nicktan@propertyavenue.com.sg / nick96444854@gmail.com
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015/2016)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick)
CK Ang
Unfortunately, no return of ABSD. But ABSD may be avoid for some country. To advise you more in details, please drop me an email.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
9046 3808